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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11035 Menaul Blvd NE Albuquerque, NM 87112

    • Strip malls
    • 60,481 SF
    • 8.11 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US61-1278133
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Harbor Freight Tools / Building Supply / Hardware & Home Improvement

    Property Details for 11035 Menaul Blvd NE

    Year built
    1974
    Lot size
    8.11 lot acres
    Property size
    60,481 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1-021-059-483-294-1-03-07
    APU
    102105948329410307

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,005,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.517
    Latitude
    35.1098
    CBSA code
    10740
    CBSA name
    ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $82,539
    $853,203
    $867,226
    $1,720,429
    -
    $2,559,865
    $2,601,939
    $5,161,804

    Comparable in this City

    • Value Estimation by Request
      6,500 SF

      9645 Menaul NE Blvd

      SHOPPING CENTER, STRIP CENTER • 6,500 SF
      9645 Menaul NE Blvd, Albuquerque, NM 87112-2216
      View Details
    • Value Estimation
      $515,000
      16,100 SF

      1950 Juan Tabo NE Blvd

      SHOPPING CENTER, STRIP CENTER • 16,100 SF
      1950 Juan Tabo NE Blvd, Albuquerque, NM 87112-3364
      View Details
    • Value Estimation by Request
      15,150 SF

      2100 Juan Tabo NE Blvd

      SHOPPING CENTER, STRIP CENTER • 15,150 SF
      2100 Juan Tabo NE Blvd, Albuquerque, NM 87112-3308
      View Details
    • Value Estimation by Request
      1.52 Acres

      Albuquerque, NM 87112

      SHOPPING CENTER, STRIP CENTER • 1.52 Acres
      Albuquerque, NM 87112
      View Details
    • Value Estimation by Request
      9,040 SF

      1560 Juan Tabo NE Blvd

      SHOPPING CENTER, STRIP CENTER • 9,040 SF
      1560 Juan Tabo NE Blvd, Albuquerque, NM 87112-4470
      View Details
    • Value Estimation by Request
      13,130 SF

      1930 Juan Tabo NE Blvd

      SHOPPING CENTER, STRIP CENTER • 13,130 SF
      1930 Juan Tabo NE Blvd, Albuquerque, NM 87112-3322
      View Details

    Similar Nearby for Sale

    • $1,350,000
      7,425 SF

      2430 Juan Tabo Blvd

      Individual retail properties • 7,425 SF
      2430 Juan Tabo Blvd, Albuquerque, NM 87112
      View Details
    • $1,000,000
      9,571 SF

      Blanca Square Investment Opportunity

      9,571 SF office property with 95% occupancy.
      2705 Juan Tabo Blvd NE, Albuquerque, NM 87112
      View Details
    • $1,000,000
      2,700 SF

      Prime Albuquerque Auto Shop

      Thriving Business, Turnkey Operation
      2401 Wyoming Blvd, Albuquerque, NM 87112
      View Details
    • $579,429
      3,107 SF

      Albuquerque Triplex Investment

      NE Heights, 3-unit apartment building
      12229 Menaul Blvd, Albuquerque, NM 87112
      View Details
    • $180,000
      0.18 Acres

      Land in Sandia Foothills

      Vacant lot with spectacular views, ideal for building a home.
      13901 Lomas Blvd NE, Albuquerque, NM 87112
      View Details
    • $215,000

      Land For Sale

      Land with retail and multi-family development opportunity.
      12700 Lomas Blvd NE, Albuquerque, NM 87112
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      34,866 SF

      Retail Space on Juan Tabo

      Neighborhood shopping center with high visibility and ample parking.
      1605 Juan Tabo Blvd NE, Albuquerque, NM 87112
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space in High-Traffic Center

      Retail space available in Walmart Supercenter anchored shopping center.
      2210-2270 Wyoming Blvd NE, Albuquerque, NM 87112
      View Details
    • Contact for pricing
      7,390 SF

      Wyoming Mall Retail Space

      NE Heights Shopping Center, 2 Spaces Available
      2210 Wyoming Blvd, Albuquerque, NM 87112
      View Details
    • Contact for pricing
      30,188 SF

      Albuquerque Restaurant Space Available

      Prime Restaurant Space, Multiple Units
      11130 Lomas Blvd, Albuquerque, NM 87112
      View Details
    • Contact for pricing
      6,000 SF

      Retail Center Endcap Suites Available

      Retail suites available in Albuquerque's Northeast Heights near Menaul.
      2433 Wyoming Blvd NE, Albuquerque, NM 87112
      View Details
    • Contact for pricing
      1,500 SF

      Foothills Shopping Center Retail Space

      Retail space available in the Foothills Shopping Center.
      11035 Menaul Blvd NE, Albuquerque, NM 87112
      View Details

    Property Visit Statistics

    • Visits by month
      55.9k
    • Visitors by month
      29.4k
    • Avg Time on site
      20 min
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    11035 Menaul Blvd NE
    Albuquerque, NM 87112
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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